Daily Price Analysis: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – Daily Crypto News, Articles & Tips

The cryptocurrency market has added $8 billion over the past 24 hours. The total market cap was $209 billion yesterday but has risen to $217 billion.

This rise comes after Bitcoin and other cryptocurrencies recorded gains over the past few hours.

The market has pumped ahead of the ProShares Bitcoin ETF decision by the SEC. the daily trading volume meanwhile has gone up by $1 billion, rising from $11 billion to $12 billion.

Bitcoin price analysis

The Bitcoin price has risen significantly over the past 24 hours. BTC was trading above the $6,400 mark but rose nearly 5% over the past few hours to reach the $6,900 mark. It has slightly dropped to $6,692.

The ProShares Bitcoin ETF decision will be made tomorrow by the SEC. The price has pumped ahead of the decision. Bitcoin’s dominance has also gone up slightly, reaching 53%.

The 24-hour trading volume meanwhile has surged by $400 million. BTC’s daily trading volume yesterday was $3.7 billion but has risen to $4.1 billion.

The Bitcoin price has gained roughly 5.9% over the past seven days. It was trading at $6,361 a week ago but has risen to now trade at $6,692

Ethereum price analysis

The second largest cryptocurrency has gained less than a percent over the past 24 hours. It was trading at $280 yesterday but now trades at $281. ETH has slowed down on its selling pressure as the general market rises.

The daily trading volume has gone up slightly from $1.3 billion to $1.5 billion. Ethereum’s Blockchain was ranked as the second best by the Chinese government but the price of the currency hasn’t been responded much to it.

The ETH price has been trading sideways over the past one week. It was trading at $282 a week ago and is trading close to it at the moment. It experienced a weekly high of $316 but has been on a decline since then.

Ripple price analysis

XRP has gone up by 2% over the past 24 hours. It was trading at $0.33 yesterday but has followed the wider market in recording gains to now trade at $0.34. Ripple’s CTO said that American Express might be testing Ripple’s x-Rapid.

The daily trading volume meanwhile has dropped from $301 million yesterday to now stand at $265 million.

A look at Ripple’s weekly chart shows that the cryptocurrency has gained 17.5% over the past week. It was trading at $0.28 a week ago but has since then surged to now trade at $0.34.

EOS price analysis

EOS is the fifth largest cryptocurrency but is ranked as the leading blockchain according to CCID’s latest rankings. The cryptocurrency has gained more than 3% over the past 24 hours. It was trading at $4.85 yesterday but now trades at $5.04.

The daily trading volume has gone up by more than $100 million, from $460 million to $592 million.

EOS has gained 8.6% over the past one week. It was trading at $4.86 a week ago and experienced a high at $5.60 before slipping below the $5 mark again.

Litecoin price analysis

The LTC price has gained 3% over the past few hours. It was trading at $55yesterday after dropping from $57 a day earlier. It has recovered over the past few hours to trade at $57 again.

The daily trading volume has also gone up slightly, from $214 million to $217 million.

A look at LTC’s weekly chart shows that it has been trading sideways over the past seven days. It was trading at $55 a week, experiencing a high of $61 before embarking on a decline.

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